Tuesday

Tuesday was chop everywhere as no one knows what's coming next with Iran. Pakistan is the intermediary but there is debate about who is on the other side of the table.  Corn gains 3 to close 462 1/2 while wheat picks up 2 1/4 to 590.  Rice up 5 1/2 cents after a stronger period midday, 1099, and finally gained open interest.  Beans slipped 8 1/2 to 1155.  Dow had a 900-point churn day, 46,415, off 107 points at the end and bonds gave back almost all of Monday gains, 112.20. Minus 18.  Of all I watch, big picture risks of bonds worry me most today.